Posted on by Thirumalai Raj M

EOD Market Report – 8.7.2021

Indian Stock Market fell nearly 1% today, biggest down in nearly 8 weeks.

The decline was due to the global selloff as a reaction to spread of COVID19 variants and concerns over economic slowdown in China.

Market was dragged by Bank, Metal and Pharma stocks.

IT sector closed marginally high.

  • Midcap and Smallcap ended negative.
  • 24 out of 30 stocks in Sensex ended negative.
  • Rupee was at 74.71 per dollar.

Sensex – 52568.94 (-485.82) -0.92%.

Nifty – 15727.90 (-151.75) -0.96%.

Posted on by Thirumalai Raj M

Market Today – 8.7.2021

Indian Market:

Indian markets are about to open flat to negative as the SGX Nifty is in loss.

World Market:

Asian stocks opened steady Thursday, following gains for U.S. shares and Treasuries as the Federal Reserve minutes showed policy makers still awaiting more evidence of a robust economic recovery to set a timeline for trimming bond purchases.

Stocks in News:

  • Adani group stocks: Gautam Adani is seeking a loan of about Rs 7,500 crore ($1 billion) to refinance existing debt of Mumbai International Airport Ltd, according to a Bloomberg report. Barclays Plc and JPMorgan Chase & Co. are among banks in discussions to provide the funds to Adani Airport Holdings Ltd. Deutsche Bank AG is also in talks to help with the financing. MIAL has a debt of about Rs 8,00
  • Bajaj Healthcare: Received a licence from Defence Research and Development Organisation to manufacture and market 2-Deoxy-D-Glucose, used in treatment of Covid-19, in the domestic market.
  • Kalyan Jewellers: Overall revenue for the June quarter was 55% of Q1FY20, the company said. A significant portion of the revenue for Q1FY22 was booked during the month of April. It also opened 9 showrooms in India in April, taking the total number of showrooms in India to 116. As of June 30, 92% of the company’s showrooms in India were operational.

Results:

TCS, Gammon Infrastructure Projects and Shyam Metallics & Energy.

Happy Investing!

Thirumalai Raj M.

Posted on by Thirumalai Raj M

EOD Market Report – 7.7.2021

Indian Indices closed positive for the second day consecutively.

  • Sectors helped market in gain are Financial, Metal and Realty.
  • Sectors dragged the market are Energy& Consumer Durables and Oil& Gas.
  • Almost all sectors are positive today except Auto sector.
  • BSE Midcap and Smallcap were up today.
  • 21 out of 30 stocks were up in Sensex.
  • Rupee at 74.16 per Dollar.

Sensex 53054.76 +193.58 (0.37%)

Nifty 15879.65 +61.40 (0.39%)

Posted on by Thirumalai Raj M

Market Today – 7.7.2021

Indian Market:

Indian Markets are about to open negative today. As the Singapore-traded SGX Nifty, an early indicator of India’s Nifty 50 Index’s performance, fell 0.36% to 15,783.50 as of 7 a.m.

World Market:

U.S. shares snapped a winning streak and Treasury yields retreated on concerns about the economic outlook and risks from Covid-19 variants. Due to this most Asian stocks fell.

Stocks in News:

  • Titan Company: June quarter revenue grew by 117%. Jewellery unit sales grew by 107% on year primarily due to zero sales in April of last year.
  • Mahindra & Mahindra: To acquire up to 31.2% in ReNew Sunlight Energy Pvt Ltd. The company plans to acquire up to 1.61 crore shares in RSEPL, in one or more tranches, for Rs 16.07 crore.
  • HDFC: The National Housing Bank has imposed a monetary penalty on Housing Development Finance Corporation Ltd of Rs 4.75 lakh for non-compliance with certain provisions.

Happy Investing!

-Thirumalai Raj M

Posted on by Thirumalai Raj M

EOD Market Report – 6.7.2021

Indian Indices snapped a two day winning streak after hitting levels. The market got dragged by Auto and IT stocks for the day.

  • Tata Motors hit a 10% lower circuit after JLR announced production cut due to shortage of chip next quarter.
  • 20 out of 30 Sensex stocks closed red.
  • Rupee at $74.55.
  • Mid and Small ended green.
  • Nifty Bank was up 0.9%.

SENSEX – 52861.18(-16.10) -0.04%

NIFTY – 15818.25(-18.82)-0.10%

Happy Investing!